Tech Talk for Monday May 13th 2019

May 13 06:05 2019 Print This Article

Pre-opening comments of Monday May 13th

U.S. equity index futures moved lower this morning. S&P 500 futures were down 55 points in pre-opening trade. Index futures responded to a stalemate on trade between the U.S. and China. The Shanghai Composite lost another 1.21% to 2903.71.

Crude oil gained $0.78 to $62.44 after two Saudi oil tankers were attacked near the Strait of Hormuz.

Prudential Financial (PRU $101.27) is expected to open lower after the stock was downgraded to Neutral from Buy.

FedEx (FDX $178.00) and UPS (UPS $100.63) are expected to open lower after Amazon announced expansion of its Delivery Service Partners Program

WestJet (WJA $18.52) is expected to open higher after Onex offered to buy the company at $31 per share. Value of the offer is estimated at $5 billion.

 

EquityClock’s Daily Market Comment

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Tech Talk is a free stock market letter service offering free daily reports on equity markets, sectors, commodities and exchangetraded funds. The Web site has recently received an average of 1.6 million hits per month from 130 countries.

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